Yesterday's announced financings: May 17

May 18, 2023 01:43 PM PST

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Mirasol Resources Ltd. (TSX-V: MRZ)

Gross Proceeds: $5 million
Sector: Precious metals
Units issued: 4 million
Type: Special units
Price: $1.25
Warrants: Half; $1.70; One year
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Gold, copper, and silver junior focused on projects in Chile and Argentina
Began drilling its Sobek copper project in Vicuna, Chile this week

2. Silver X Mining Corp. (TSX-V: AGX)

Gross Proceeds: $3 million
Sector: Precious metals
Units issued: 10 million
Type: Special units
Price: $0.30
Warrants: Full; $0.45; Two years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Junior silver miner with some current production
Produced 282,687 oz AgEq at 277 g/t AgEq in Q1
Lost $9.2 million in 2022

3. Gold Terra Resource Corp. (TSX-V: YGT)

Gross Proceeds: $4 million
Sector: Precious metals
Units issued: 21.8 million; 150 million
Type: Flow-through units; common shares
Price: $0.115; $0.10
Warrants: None
Agents: Paradigm Capital Inc.
Use of Proceeds: Ongoing exploration

Company breakdown:

Gold junior focused on projects in Canada's Northwest Territories
Recently drilled six metres of 3.06 g/t Au at its Con project, began deep drilling for more targets
Public offering was initially $6 million, switched it for the current offering

Company breakdown:

Exploration junior focused on projects in Nunavut
Recently filed an NI 43-101 for its Ulu project
Showed 2.54 million tonnes grading 7.02 g/t Au for 572,000 ounces of gold measured and indicated